Bioclinica Inc has a market cap of $81.6 million; its shares were traded at around $5.2 with a P/E ratio of 18.6 and P/S ratio of 1.

Highlight of Business Operations:

Service revenues were $19.1 million for the three months ended June 30, 2012 and $16.9 million for the same period in 2011, an increase of $2.2 million or 12.8%. The increase in service revenues was due to an increase in work performed as a result of strong growth from our eClinical solutions, including our full service EDC, Trident IWR and OnPoint CTMS as well as solid performance in our medical imaging solutions offering. Pfizer, Inc., encompassing 18 projects, represented 18.5% of our service revenue for the three months ended June 30, 2012. For the three months ended June 30, 2011, Pfizer Inc., encompassing 19 distinct projects, represented 22.0% of our service revenues.

Sales and marketing expenses were $2.7 million for the three months ended June 30, 2012 and $2.4 million for the same period in 2011, an increase of $362,000, or 15.2%. Sales and marketing expenses for the three months ended June 30, 2012 and the three months ended June 30, 2011 were comprised of direct sales and marketing costs, salaries and benefits and allocated overhead. The increase is due to additional sales personnel and related costs as we expand our sales efforts for our eClinical product in the U.S. and Europe. We expect that our sales and marketing costs will increase for fiscal 2012 but decrease as a percentage of total revenue going forward.

Service revenues were $37.6 million for the six months ended June 30, 2012 and $33.0 million for the same period in 2011, an increase of $4.6 million or 13.8%. The increase in service revenues was due to an increase in work performed as a result of strong growth from our eClinical solutions, including our full service EDC, Trident IWR and OnPoint CTMS as well as solid performance in our medical imaging solutions offering. Pfizer, Inc., encompassing 19 projects, represented 17.9% of our service revenue for the six months ended June 30, 2012. For the six months ended June 30, 2011, Pfizer Inc., encompassing 19 distinct projects, represented 21.0% of our service revenues.

Reimbursement revenues and cost of reimbursement revenues were $8.1 million for the six months ended June 30, 2012 and $7.0 million for the same period in 2011, an increase of $1.1 million, or 15.6%. Reimbursement revenues and cost of reimbursement revenues consist of payments received from the customer for revenues and cost of reimbursement revenues fluctuate significantly over the course of any given project, and quarter to quarter variations are a reflection of this project timing. Therefore, our management believes that reimbursement revenues and cost of reimbursement revenues are not a significant indicator of our overall performance trends. At the request of our clients, we may directly pay the independent radiologists who review our clients imaging data. In such cases, per contractual arrangement, these costs are billed to our clients and are included in reimbursement revenues and cost of reimbursement revenues.

Sales and marketing expenses were $5.4 million for the six months ended June 30, 2012 and $4.2 million for the same period in 2011, an increase of $1.1 million, or 26.3%. Sales and marketing expenses for the six months ended June 30, 2012 and the six months ended June 30, 2011 were comprised of direct sales and marketing costs, salaries and benefits and allocated overhead. The increase is due to additional sales personnel and related costs as we expand our sales efforts for our eClinical product in the U.S. and Europe. We expect that our sales and marketing costs will increase for fiscal 2012 but decrease as a percentage of total revenue going forward.

Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC.
Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.